Wednesday, August 21, 2013

National Bank of Kenya: Vacancy

Exciting Opportunities in Banking with a dynamic Team

National Bank of Kenya, one of the leading banks with a vision to becoming the Bank of choice in the provision of financial services within the region has an exciting opportunity for a dynamic, experienced, self driven, result oriented professional to fill the position ofChief Risk Officer.

Reporting to:The successful candidate will report to the Managing Director and the Board Credit Committee.

Role

The successful candidate will lead and own the banks Credit Risk strategy.
The candidate will also be expected to drive Operational Risk and Market Risk initiatives commensurate with the Bank’s stated risk appetite.

Key Responsibilities

Own, manage and control Credit Risk in the bank that may be originated by Corporate, SME, Islamic and Retail Banking Businesses Divisions.
Drive reviews on the Banks Credit, Operational and Market Risk policies and procedures.
Recommend and implement improvements to ensure appropriate control environment for these risk exposures is established and maintained.
Lead in the analysis and approvals of credit applications, and where required present the applications for Board Credit Committee approvals.
Assist Senior Management and Board of Directors in understanding risk, its measurement and control methodology; and provide support to the Board in its oversight of risk through regular reports.
Actively participate in Assets and Liabilities Committee (ALCO) of the Bank and provide critical input to help drive decision making on the optimal level of Risk Return trade-offs on transactions, products and business segments.
Develop financial models and systems for predicting patterns and future trends, to pro-actively guide the Bank’s strategic direction. Conduct portfolio reviews and Stress Testing to manage potential risks.
Develop and implement an appropriate (Enterprise Risk Management) ERM infrastructure by integrating risk management with the Bank’s strategic management process. Manage an on-going risk quantification, assessment, monitoring and reporting programs across the Bank.
Manage risk profile mapping for new processes ; procedures in compliance to Bank ; Regulatory policies.
Independent validation of the pricing models developed by the front office.
Test procedures and communicate results to the business in a timely manner, and also document the testing procedures and results.
Review new business and risk analysis in order to support internal decision making process.
Lead the Credit Risk, Credit Administration and Credit Remedial teams.
Maintain, develop and test the market risk system, which covers the VaR computation.

Qualifications

Bachelor’s degree in Accounting/Finance, Economics, Statistics, or a related Business Field.
Post graduate qualifications in Finance or Business Administration will be an added advantage
10 years’ experience in banking, 5 of which must have been in Senior Risk Management role in a significant size Commercial Bank in Kenya or African market
Deep knowledge of Credit processes, Credit Risk Control procedures and Credit Administration functions.
Project management experience or skills in streamlining processes and managing risks.
Excellent communication and stakeholder management skills.
Strong analytical and interpreting skills on exposures data, and analytical Problem Solving skills
Ability to relate market/economy knowledge and events to business and transactions so as to discern and present risks that would impact the business
Demonstrated ability to conduct reviews and development of policies and procedures and align them with best practices and CBK guidelines, IFRS, the Banking Act, Basel rules and other Statutes.
Ability to handle pressure, conflicting priorities and manage constant changes.

The position attracts competitive salary compensation, eligibility to the banks bonus schemes, staff loans and other staff benefits.

Interested and suitably qualified individuals should forward their detailed application, CV, copies of their academic and professional certificates, day time telephone contacts and addresses of three professionally relevant referees to reach the undersigned by 30th August 2013.